The platform cited an unclear regulatory environment as one of the main reasons behind its decision to shut down its U.S. operations.
The company's founders have decided to focus on helping Bittrex Global succeed outside the U.S. Bittrex clarified that U.S. customers don't have to worry about the safety of their funds, as all of their capital is safe and available for withdrawal. The platform shared that it will permit trading until April 14, 2023, but advised customers to withdraw all funds by April 30, 2023.
Founded in 2014 by three cybersecurity engineers, Bittrex offered features like full-service API, near-instant atomic transactions, wallet infrastructure, and offline cold wallet solutions.The winding down of Bittrex's U.S. operations is a reminder of the challenges faced by cryptocurrency businesses in navigating an uncertain regulatory environment.
puts the U.S. at “severe risk” of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. In a Bloomberg interview, Garlinghouse suggested that the crypto industry has “already started moving outside” of the U.S. because the country's
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